Topic: What makes Bitcoin valuable? - page 27. (Read 2956 times)
The number of users is certainly a very precise consideration, as we know the user factor is so important that making bitcoin usets skyrocket and because bitcoin embraces a decentralized system of course this is crucial, if demand is high and stocks are limited then prices will increase.
The onlu thing that make make me believe that Bitcoin is real is when I cash out and earn some money or when I buy something online with my Bitcoins.
Bitcoin is real and you can cash it ou so stop asking questions like what makes Bitcoin valuable.
Bitcoin is real and you can cash it ou so stop asking questions like what makes Bitcoin valuable.
Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
While I agree with your points, I think there are a few caveats that should accompany them.
Bitcoin is safe from hacking in so much as the blockchain is safe from hacking. Anyones private key could be hacked if stored in a manner susceptible to hacking. This is why people recommend cold storage.
Bitcoin eliminates banking fees - but at this point in time fees are comparatively high to days gone by, and also compared to other coins.
Bitcoin is fast - it can be, it can also be slow compared to other coins. I wouldnt make any assessment of the lighting network before full implementation.
Bitcoin only provides privacy in terms that the holder of any given wallet is private. Every transaction is very easily accessed on the blockchain and I believe that is the point of the public blockchain.
Bitcoin hedges against stupidity of banks, but banks generally hedge against their own stupidity with insurance and will, for the most part, make clients whole if they mess up. Where as with bitcoin you are in charge of your own actions, which the vast majority of users like, but that means that you bear all the responsibility of any mistakes. Its possible to claw back a credit card transaction but impossible with bitcoin.
Bitcoin is always genuine. So long as you get 'bitcoin' and not 'BCash' etc.
Spot on with it being an asset class separate from others.
That is why the 'Monalisa' is so valuable because it's priceless and it's the only one ever made! Imagine having a bunch of them around, then you can place a price tag on them!
This is an asset for the future, Bitcoin is too valuable because Bitcoin has a bright future that could be the talk of many people in the world. bitcoin is a social network where many people from all over the world can interact and make transactions.
I agree with that and since Bitcoin is the first ever digital currency, which gave the peoplea good impression, the fact That Bitcoin is a decentralized currency, which we are open about that modt of the people doesnt like the way governments used our taxes, and we see Bitcoin as a revolutionary ay to earn without the decreasing the amount for the responsibility which was the tax.
What makes Bitcoins valuable is its unique feature. Bitcoins are safe. These digital currencies offer faster way of digital transactions. It also offers high returns to investment.
Bitcoin is seen at it value as a decentralized coin among other it is the most preferred coin because of the how it appreciate in terms of price so it valued because of the price and when invest on it you will be rest assured that you are not running lost investment these is one of the major thing that makes bitcoin valuable.
BTC's rarity, only 21 million may, cannot be duplicated, and many users lost BTC!
This will lead to fewer BTC, and many countries in the world will accept BTC, which will lead to higher and higher prices!
This will lead to fewer BTC, and many countries in the world will accept BTC, which will lead to higher and higher prices!
The emission limit makes the Crypto currency deflationary, that is, they will not be systematically depreciated due to the appearance of new currencies, but may become more expensive due to the increasing complexity of generation.
Being decentralized is the number one priority that is making Bitcoin so valuable. Everyone likes privacy and secure investments. Its been and it will probably be for the next five years the number one coin on the market. Always keeps a relevancy and consistency on the markets. Its probably the first digital coin and its been the best one since, how can it not be the best? That is just legitness.
I think that bitcoin is so great due to the fact that he was the ancestor of crypto currency! Also important is that only 21 million coins have been issued and that bitcoin has no "owner"!
Bitcoin is an asset, and can be sell at any time, where buyers are ready, and Bitcoin has a high potential and highly demand in the market and trusted in blockchain technology, Bitcoin is the leading among other alt-coin and as we all know is a crypto currency, in which 99% crypto, trade on bitcoin than any other coin, bitcoin is more profitable.
To be adopted in all the superpowers and is dealt with by banks and large companies, and this is unlikely at this time and from my point of view that it is impossible at this time and in the future because there is no observer and unfortunately fraudulent transactions
This is an asset for the future, Bitcoin is too valuable because Bitcoin has a bright future that could be the talk of many people in the world. bitcoin is a social network where many people from all over the world can interact and make transactions.
Yes. You have a point. Bitcoin is too valuable. It has an ability to solved a massive problem. Bitcoin is a simple, elegant and modern replacement for the whole concept of money. Its very useful to us. No one can take it down and no one can control. Its very secured and trusted. Bitcoin benefits can also attract to us. Just be valuable like bitcoin.
Bitcoin, once a noble financial concept but now bitcoin has a high enough price because of the increasing number of users and investors who are very bitcoin and have also been used as a local eye and recognized by some developed countries.
I would say the huge mining community and the billions invested in mining hardware provides implicit value. No one can come in tomorrow with new technology and take over the transaction confirmation process (execute an attack).
Also, BTC has been around the longest. The longer a piece of technology has been around the more heritage it has, and the more reliable it is. The less likely that there's a hack out there to subvert it.
Also, BTC has been around the longest. The longer a piece of technology has been around the more heritage it has, and the more reliable it is. The less likely that there's a hack out there to subvert it.
Bitcoins are valuable because of many reasons.
Bitcoin is safe, bitcoin's technology is modern.
The amount of bitcoin is limited.
Bitcoin is convenient and has many benefits.
Bitcoin is safe, bitcoin's technology is modern.
The amount of bitcoin is limited.
Bitcoin is convenient and has many benefits.
There are millions of bitcoin users worldwide. South Korea will have 5 exchanges. Coinbase in the U.S has millions of users. Its the people that give bitcoin value.
Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
-
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
What makes bitcoin valuable is simply the ratio between demand and supply. Simply rare objects are valuable because they are rare. Same for bitcoin they have a finite supply against an increasing demand so the price goes up alaways.
People sometimes talk nonsense, asking " bitcoin means nothing, it has no value. How can something we can't sense be of value?"tell me, how can the papers we call" money " have value, or assets? Bitcoin is a unique product that will finally give us what our world is striving for. People now don't have enough personal space and anonymity. And that's what bitcoin represents. And for that, we appreciate the bitcoin.
Because bitcoin is the beginning and reference of all existing altcoins. Bitcoin also has a very high price compared to other coins.
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